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AZ Gas Prices Rise 1.5¢ Featured

Arizona gas prices are continuing to rise.

 

Big Idea

  • Factors are continuing to push oil prices higher. 
  • Improving COVID-19 situation pushes global oil demand
  • Motorists should continue to expect rising gas prices
  • Read more...

 

Gas prices in Phoenix have risen 11.4¢ in a month.

 

  Phoenix gas prices have risen 0.5 cents per gallon in the past week, averaging $2.46/g today, according to GasBuddy's daily survey of 1,094 stations in Phoenix. Gas prices in Phoenix are 11.4 cents per gallon higher than a month ago and stand 48.5 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.17/g today while the most expensive is $3.09/g, a difference of 92.0 cents per gallon. The lowest price in the state today is $1.87/g while the highest is $3.59/g, a difference of $1.72/g.

The national average price of gasoline has risen 3.7 cents per gallon in the last week, averaging $2.45/g today. The national average is up 13.2 cents per gallon from a month ago and stands 1.6 cents per gallon higher than a year ago.

 

Historical gasoline prices in Phoenix and the national average going back ten years:
February 8, 2020: $2.95/g (U.S. Average: $2.43/g)
February 8, 2019: $2.45/g (U.S. Average: $2.29/g)
February 8, 2018: $2.36/g (U.S. Average: $2.59/g)
February 8, 2017: $2.12/g (U.S. Average: $2.26/g)
February 8, 2016: $1.71/g (U.S. Average: $1.73/g)
February 8, 2015: $1.99/g (U.S. Average: $2.17/g)
February 8, 2014: $3.23/g (U.S. Average: $3.26/g)
February 8, 2013: $3.42/g (U.S. Average: $3.57/g)
February 8, 2012: $3.45/g (U.S. Average: $3.48/g)
February 8, 2011: $3.06/g (U.S. Average: $3.11/g) 

 

Neighboring areas and their current gas prices:
Arizona- $2.43/g, up 1.5 cents per gallon from last week's $2.41/g.
Las Vegas- $2.77/g, up 2.0 cents per gallon from last week's $2.75/g.
Tucson- $2.29/g, unchanged  from last week's $2.29/g.

 

"Many factors continue to push oil prices higher, but at the foundation of the rise is the fact that the coronavirus situation continues to improve, pushing global oil demand higher as production continues to lag, pushing U.S. gas prices higher," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Until OPEC intercedes and raises oil production in the months ahead, motorists should continue to expect rising gas prices, which for the first time some time stand at their highest in over a year, adding misery to the dire economic situation as millions remain jobless. The news won't likely improve in the months ahead, with continued increases in gas prices as OPEC maintains a tight balance between reduced demand and supply, keeping prices on the higher side."

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA's once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.

SOURCE GasBuddy

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Last modified on Tuesday, 09 February 2021 05:05
Published in Arizona News
Patrick De Haan

Patrick De Haan is the head of petroleum analysis for GasBuddy, and has developed into the leading source for reliable and accurate information on gas price hikes. Recognized as a gasoline price expert, Patrick brings to GasBuddy and our readers all his assets to help consumers by giving reliable and accurate price forecasts.The San Jose Mercury News dubbed Patrick "one of the nation's most accurate forecasters" in 2012.

Besides keeping people up-to-date on the best local gas prices, GasBuddy also offers other ways to save money at the pump.

https://www.gasbuddy.com

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